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Ameriprise Financial Stock To Go Ex-dividend Tomorrow (AMP)

The ex-dividend date for Ameriprise Financial (NYSE:AMP) is tomorrow, November 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $57.78 as of 9:30 a.m., the dividend yield is 3%.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Ameriprise Financial (NYSE: AMP) is tomorrow, November 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $57.78 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Ameriprise Financial has been 1.2 million shares per day over the past 30 days. Ameriprise Financial has a market cap of $12.5 billion and is part of the financial sector and financial services industry. Shares are up 19.5% year to date as of the close of trading on Tuesday.

Ameriprise Financial Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. The company has a P/E ratio of 14.2, below the average financial services industry P/E ratio of 15.2 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Ameriprise Financial Ratings Report.